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Turkey is the perfect investment environment with her strategic location and motivated, qualified workforce. Global investors are invited to join in Turkey's economic and social growth.
Invest in Turkey
Why Turkey?
A 'Booming' country with cumulative GDP increase of 122% over the last 4 years totally more than 400 billion USD.
A population over 70 million, with an average age 29 (65% below under 34 years old).
A fast growing domestic market.
Qualified, cost-effective and motivated labor force. Turkey hast the 4'th largest labor force in comparison to the 27 European countries, with over 24.7 million people in 2006
Centrally located between Europe, Central Asia and the middle East.
An important energy terminal and corridor in Europe which connects East and West.
In EU Customs Union since 1996 and an EU accession country since October 2005
Institutionalized economy fueled by 20.2 billion USD of FDI in 2006 and ranked the 13th most attractive country in the world.
Liberal and reformist investment climate with highly competitive investment conditions.
Dynamic and mature private sector with over 85 billion USD worth of exports and an increase of 240% in the last for years.
Where Exactly Is Turkey?
Is Turkey Business-Friendly?
Turkey's regulatory environment is extremely business-friendly. Irrespective of nationality or place of residence, a person can establish a business in a single day.
According to the World Bank "Doing Business Database, 2007", Turkey ranks well ahead of all its competitors such as Poland, Czech Republic, Hungary, Italy, Spain as well as the OECD average.
Learn more about establishing a business in Turkey
According to the World Bank "Doing Business Database, 2007", Turkey ranks well ahead of all its competitors such as Poland, Czech Republic, Hungary, Italy, Spain as well as the OECD average.
Learn more about establishing a business in Turkey
How Simple Is The Legal Framework in Turkey For FDI?
Turkey has one of the most liberal legal systems for FDI among all OECD countries.
The new FDI Law focuses mainly on the protection of investors' rights.
The main principles are as follows:
Rights of International Investors
Double Taxation Prevention Treaties with 68 countries
Social Security Agreements with 22 countries
Free Trade Agreements with 11 countries
The new FDI Law focuses mainly on the protection of investors' rights.
The main principles are as follows:
- Equal Treatment for domestic and foreign capital companies
- No pre-entry or pre-establishment screening requirements
- No need to notify to the Undersecretariat of Treasury
- No obligation to choose a specific company name
- Unrestricted foreign ownership
Rights of International Investors
- Free Transfer of Funds
- Acquisition of real estate
- Dispute settlement either in local courts or international arbitration bodies.
- Valuation of non-cash capital
- Work permits for expatriates
- Opening a liaison office
Double Taxation Prevention Treaties with 68 countries
Social Security Agreements with 22 countries
Free Trade Agreements with 11 countries
How Simple Is The Turkish Tax System?
Turkey has one of the most competitive corporate tax rates in the OECD region.
There are 3 types of tax:
Taxes on Income
Taxes on Expenditure
Taxes on Wealth
There are 3 types of tax:
- Corporate Income Tax
Withholding Tax on Certain Payments of resident corporations
Withholding Tax on Certain Payments of non-resident corporations
Individual Income Tax
Social Security Premiums
- Value Added Tax
Stamp Tax
Customs Duty
- Tax Incentives
Major Corporate Tax Exemptions and Allowances
How Good Is The Infrastructure in Turkey?
Turkey's strategic location is very attractive for investors. It has a relatively new and highly developed technological infrastructure in transportation, telecommunications, and energy.
Transportation Infrastructure in Turkey Telecommunications Infrastructure in Turkey Energy Infrastructure in Turkey
Will I Find Qualified People To Work With in Turkey?
Turkey offers investors competitive labor costs with a workforce of over 24.6 million young, talented, motivated and skilled people. The Turkish cultures' devotion to work, flexible working hours and a low absenteeism rate has allowed Turkey to reach remarkable productivity levels.
Labor and social security laws contribute to the formation of an investor friendly environment. Expatriates from countries that have bilateral social security agreements with Turkey have the choice to stay within their own national social security schemes.
Labor and social security laws contribute to the formation of an investor friendly environment. Expatriates from countries that have bilateral social security agreements with Turkey have the choice to stay within their own national social security schemes.
Will I Receive Government Support in Turkey?
The Turkish government provides incentives to encourage, support and orient investments which are in-line with international commitments.
Generally, there is a blend of tax and non-tax incentives which are granted equally to domestic and foreign investors. This equal treatment is guaranteed and reaffirmed by the FDI Law.
The investment incentives in Turkey can be classified mainly under the following headings:
General Investment Incentive Program ncentives for Priority Development Regions Incentives granted to SME's Research and Development Support State incentives for export and for agricultural activities
Generally, there is a blend of tax and non-tax incentives which are granted equally to domestic and foreign investors. This equal treatment is guaranteed and reaffirmed by the FDI Law.
The investment incentives in Turkey can be classified mainly under the following headings:
Will I have any additional advantages in the Special Investment Zones in Turkey?
Special Investment Zones are created in order to provide an investor-friendly environment with proper infrastructure and various incentives.
There are 4 types of Special Investment Zones in Turkey:
Technology Development Zones Organized Industrial Zones Industrial Zones Free Zones
There are 4 types of Special Investment Zones in Turkey:
How Simple Is The Legal Framework For Customs in Turkey?
Turkey joined the Customs Union with the EU on January 1st, 1996 and has amended its customs code and legislation in line with those of the EU Customs Code. Since then Turkish Customs laws have been harmonized with those of EU customs practices.
Tariff and non-tariff barriers have been removed between the two parties with the establishment of the Customs Union for industrial and processed agricultural products. Turkey adopted the EU's Common Customs Tariff for imports from third countries.
Turkey offers 2 advantages to the international manufacturing and trade investors:
TURKISH FREE ZONES
There are 20 free zones in Turkey which operate close to EU and Middle East markets, are adjacent to major Turkish ports on the Mediterranean, Aegean and Black Seas, and have easy access to international trade routes.
Free zones serve as investment centers with their advanced infrastructure and low rental and sale rates.
INWARD PROCESSING REGIME
The aim of the Inward Processing regime is to enable exporters to supply materials for the production of their exports without being subject to customs duties, including VAT.
Tariff and non-tariff barriers have been removed between the two parties with the establishment of the Customs Union for industrial and processed agricultural products. Turkey adopted the EU's Common Customs Tariff for imports from third countries.
Turkey offers 2 advantages to the international manufacturing and trade investors:
TURKISH FREE ZONES
There are 20 free zones in Turkey which operate close to EU and Middle East markets, are adjacent to major Turkish ports on the Mediterranean, Aegean and Black Seas, and have easy access to international trade routes.
Free zones serve as investment centers with their advanced infrastructure and low rental and sale rates.
INWARD PROCESSING REGIME
The aim of the Inward Processing regime is to enable exporters to supply materials for the production of their exports without being subject to customs duties, including VAT.
What is Invest Turkey organization of Turkey?
We Are Here To Make Life Easier For You in Turkey
Invest Turkey is the official investment support and agency organization of Turkey. Reporting directly to the Prime Minister, our mandate is to present investment opportunities (Greenfield investments, privatizations, infrastructure investments, BOT & PPP, etc.) to the global business community and to assist investors in all their administrative process (before, during, after) with a 100% SERVICE attitude.
We serve as the reference point for international investors and the point of contact for all institutions engaged in promoting and attracting investments at national, regional and local levels.
For more information please PUSH TO BUTTON
We serve as the reference point for international investors and the point of contact for all institutions engaged in promoting and attracting investments at national, regional and local levels.
For more information please PUSH TO BUTTON
News
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News @ Invest in Turkey
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23.06.2008 - Hilton increases investment target to $1 billion in Turkey - Amplio Real Estate Investment and Development Company, which was established with the objective of building 20 Hilton Garden Inn Hotels and Hampton Inn hotels with a total inve...
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